| SCHEDULE OF CONVERTIBLE CONVERSION OF ACCRUED INTEREST AND PRINCIPAL |
SCHEDULE
OF CONVERTIBLE CONVERSION OF ACCRUED INTEREST AND PRINCIPAL
| Name |
|
Principal Converted | | |
Accrued interest converted | | |
No. of shares issued | |
| Private Placement, 2021 Notes issued to Officers (1) |
|
$ | 165,000 | | |
$ | 7,306 | | |
| 1,325,430 | |
| Name |
|
Principal Converted | | |
Accrued interest converted | | |
No. of shares issued | |
| Private Placement, 2022 Notes (1) |
|
$ | 1,467,000 | | |
$ | 53,371 | | |
| 6,081,484 | |
| |
|
$ | 1,467,000 | | |
$ | 53,371 | | |
| 6,081,484 | |
| (1) |
Net
cash received for these notes were $1,380,960, after a Debt Discount of $86,040 was paid to the sole Placement Agent: WallachBeth
Capital, LLC (Member FINRA / SIPC). |
|
SCHEDULE
OF CONVERTIBLE CONVERSION OF ACCRUED INTEREST AND PRINCIPAL
| Name | |
| |
Principal Converted | | |
Accrued interest converted | | |
No. of shares
issued | |
| Private Placement, 2021 Notes issued to Officers | |
(1) | |
$ | 981,466 | | |
$ | 5,398 | | |
| 7,591,261 | |
| Private Placement, 2021 Notes issued to consultants | |
| |
| 120,380 | | |
| 662 | | |
| 930,864 | |
| | |
| |
$ | 1,101,846 | | |
$ | 6,060 | | |
| 8,522,125 | |
| (1) |
Net cash received for these
notes were $1,380,960, after a Debt Discount of $86,040 was paid to the sole Placement Agent: WallachBeth Capital, LLC (Member FINRA
/ SIPC). |
| Name | |
| |
Principal Converted | | |
Accrued interest converted | | |
No. of shares issued | |
| Private Placement, 2022 Notes | |
(1) | |
$ | 1,467,000 | | |
$ | 53,371 | | |
| 6,081,484 | |
| | |
| |
$ | 1,467,000 | | |
$ | 53,371 | | |
| 6,081,484 | |
| (1) |
Net cash received for these
notes were $1,380,960, after a Debt Discount of $86,040 was paid to the sole Placement Agent: WallachBeth Capital, LLC (Member FINRA
/ SIPC). |
|
| SCHEDULE OF CONVERTIBLE NOTES PAYABLE |
Convertible
notes payable and interest payable consist of the following at June 30, 2023, and December 31, 2022:
SCHEDULE
OF CONVERTIBLE NOTES PAYABLE
| | |
June
30, 2023 | | |
December
31, 2022 | |
| Principal
balance (1), (2) | |
$ | 2,000,000 | | |
$ | 2,165,000 | |
| Interest
Payable | |
| 181,548 | | |
| 134,581 | |
| Outstanding,
net of debt discount and premium | |
$ | 2,181,548 | | |
$ | 2,299,581 | |
| (1) |
Net
cash received for these notes were $1,045,150, after a Debt Discount of $119,850 was paid to the sole Placement Agent: WallachBeth
Capital, LLC (Member FINRA / SIPC). $165,000 of the outstanding principal was converted into shares of Common Stock on May 17 and
on June 26, 2023. |
| (2) |
$2
million of principal, accrued interest and default penalties for notes issued prior to 2021, where settled by a third party in exchange
for us issuing to them a note in the amount of $1 million. |
|
Convertible
notes payable and interest payable consist of the following at December 31, 2022 and 2021:
SCHEDULE
OF CONVERTIBLE NOTES PAYABLE
| | |
December 31, 2022 | | |
December 31, 2021 | |
| Principal balance (1), (2) | |
$ | 2,165,000 | | |
$ | 2,165,000 | |
| Interest Payable | |
| 134,581 | | |
| 85,685 | |
| Unamortized debt discount | |
| — | | |
| (42,819 | ) |
| Outstanding, net of debt discount and premium | |
$ | 2,299,581 | | |
$ | 2,207,866 | |
| (1) |
Net cash received for these
notes were $1,045,150, after a Debt Discount of $119,850 was paid to the sole Placement Agent: WallachBeth Capital, LLC (Member FINRA
/ SIPC). |
| (2) |
$2 million of principal,
accrued interest and default penalties for notes issued prior to 2021, where settled by a third party in exchange for us issuing
to them a note in the amount of $1 million. |
|